Monday, October 8, 2012

Singapore Stock Chart - HPL

HPL closed $2.83 on friday, one of my favorite strategy is to buy stock that is on the trendline support. Looking at the chart, HPL has been traveling along the price channel, bouncing from the support to resistance vice versa for many times and now back to the support. Last friday our system signal us on the price turning up. This might be a good entry point if you are looking at this stock. Stoploss can place below the support somewhere around $2.71. Mid term trade >2weeks